The pension fund posted a net return of 7.55% for the year ended June 30, 2023. This translates into $2.4 billion more for the teachers of Ohio, even after payment of more than $7 billion in benefits. The pension fund ended fiscal year 2023 with $90.1 billion in investment assets.
As a mature pension system that pays out more in benefits than it receives in contributions, STRS Ohio relies on the performance of its investments as a key source for funding benefits.
STRS Ohio’s investment consultant, Callan, shared that STRS Ohio’s total fund return outperformed its benchmarks and ranked in the top 10% of public funds tracked by Callan for the three-, five- and 10-year periods ending June 30, 2023.